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Mgmt_200_Spring_2008_solutions_1-18-08(1,23)

Mgmt_200_Spring_2008_solutions_1-18-08(1,23) - Management...

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Management 200 – Introductory Financial Accounting– Spring 2008 Krannert School of Management - Purdue University Solutions to class assignment for January 18, 2008 P2–5. 1. a. Cash (+A) ....................................................................................... 200 Contributed capital (+SE) ........................................................ 200 b. Cash (+A) ....................................................................................... 30 Long-term liabilities (+L) ........................................................ 30 c. Long-term investments (+A) ......................................................... 2,600 Short-term investments (+A) ........................................................ 10,400 Cash ( - A) .................................................................................. 13,000 d. Property , plant, and equipment (+A) ............................................ 2,285 Cash ( - A) .................................................................................. 875 Long-term liabilities (+L) ........................................................ 1,410 e. Receivables and other assets (+A) ................................................. 250 Cash ( - A) .................................................................................. 250 f. Cash (+A) ....................................................................................... 10,000 Short-term investments ( - A) .................................................... 10,000 g. Retained earnings ( - SE) ................................................................. 52 Cash ( - A) .................................................................................. 52 2. Cash Short-term Investments Receivables and Other Assets Beg. 4,317 Beg. 835 Beg. 3,635 (a) 200 (c) 10,400 10,000 (f) (e) 250 (b) 30 13,000 (c) 1,235 3,885 (f) 10,000 875 (d) 250 (e) 52 (g) Inventories Other Current Assets Beg. 327 Beg. 1,519 370 327 1,519
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Property, Plant and Equipment Long-term Investments Other Noncurrent Assets Beg. 1,517 Beg. 6,770 Beg. 391 (d) 2,285 (c) 2,600 3,802 9,370 391 Accounts Payable Other Short-term Obligations 7,316 Beg. 3,580 Beg. 7,316 3,580 Long-term Liabilities Contributed Capital Retained Earnings 2,135 Beg. 284 Beg. 5,996 Beg.
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